Monday, January 21, 2019 | ePaper

Loan scam at Farmers Bank

ACC quizzes Babul Chisty, 3 others

  • Print
Staff Reporter :
Anti-Corruption Commission (ACC) on Sunday quizzed four people including former chairman of Farmers Bank Audit Committee Mahabubul Haque Chisty (Babul Chisty) over allegations of embezzling Tk 160 crore from the bank.
On April 10, ACC Deputy Director Shamsul Alam filed a money-laundering case with Gulshan Police Station, accusing six persons, including Babul Chisty, his son Rashedul Haque Chisty, the bank's Senior Vice President Zia Uddin Ahmed and First Vice President Muhammad Masudur Rahman Khan.
The four landed in jail the same day after the ACC arrested them in the case.
The accused persons, including son of Babul Chisty and two officials of the bank faced the quizzing at ACC headquarters in Dhaka. ACC Assistant Director (Public Relations) Pranab Kumar Bhattacharya told The New Nation that an ACC team led by Deputy Director Shamsul Alam and investigation officer of the case interrogated them.
"They have been interrogated from morning to afternoon putting remand," he added.   
The ACC found that between November 18, 2013 and January 30 this year, Tk 138.82 crore were deposited with the current accounts of Bakshiganj Jute Spinners Ltd at Farmers Bank's Bakshiganj and Gulshan branches. Chisty's son, wife and daughter owned the mill.
ACC imposed a ban on the travel of 17 people including Babul Chisty and his family members and senior officials of the bank for their alleged involvement in the money laundering case. In December last year, Bangladesh Bank (BB) unearthed that Farmers Bank's Motijheel branch had disbursed more than Tk 500 crore that were sanctioned to 11 companies in violation of normal banking rules and procedures. Of the amount, loans of Tk 367 crore that the branch gave to 10 of the firms from November 2013 to November last year have become defaulted.
According to a BB probe report, Mahabubul was involved in the financial scams that took place in the bank's Gulshan and Mowna branches.
BB held the bank's ex-chairman Muhiuddin Khan Alamgir and Chisty largely responsible for the scams.

More News For this Category

Arrest warrant against Khaleda

Court Correspondent :A  Dhaka court yesterday (Sunday) issued an arrest warrant against BNP Chairperson Begum Khaleda Zia, in a case filed for allegedly making false and instigative remarks on religious

Hundreds of vehicles got stuck in a traffic gridlock on both sides of city street due to on going work of metro rail project. This photo was taken from Bangla Motor area on Sunday.

Hundreds of vehicles got stuck in a traffic gridlock on both sides of city street due to on going work of metro rail project. This photo was taken from Bangla Motor area on Sunday.

Dhaka to file case with NY court soon

Staff Reporter :Bangladesh Bank will file a lawsuit with a New York court by this month over the heist of $81 million from its account with the US Federal Reserve

Coaching centres to remain shut during SSC exams

Staff Reporter :The Education Ministry has decided to keep coaching centres closed across the country for a month from January 27 with a view to preventing leak of question papers

Govt to allow LNG import in pvt sector Importers to fix prices

Anisul Islam Noor :The businessmen welcomed the government's plan to allow private sector to import LNG, regasify and sell it to consumers under a specific policy.Elaborating the government's plan, State

12 more killed in road crashes

Staff Reporter  :At least 12 more persons were killed and several others critically injured in separate road crashes across the country on Sunday.In Narayanganj, at least four persons died in

Ward Councillor stabbed to death in Natore

Staff Reporter :Unidentified criminals stabbed to death an Awami League (AL) supported Ward Councillor of Gopalpur Municipality in Natore district on Sunday.The deceased has been identified as Jamilur Rahman Jamil,

Holding cent pc perfect polls not possible :Quader

Staff Reporter :Road Transport and Bridges Minister Obaidul Quader on Sunday said that it is not possible to hold a cent per cent flawless election in any country in the

Gulshan attack arms supplier on remand

Staff Reporter  :Banned militant outfit Jama'atul Mujahideen Bangladesh (JMB) had planned  to snatch Holey Artisan prisoners in the way similar to the incident in Trishal in 2014.RAB's Legal and Media

Barrister Mozammel Hossain makes Bangladesh proud

Barrister Mozammel Hossain makes Bangladesh proud

Bangladeshi born barrister Mozammel Hossain has been appointed Queen's Counsel. He will be sworn in at the Westminster Hall at the Houses of Parliament in the UK on March 11,